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The U.S. is definately NOT a tax haven for foreign money. We currently have tax treaties with most Western European countries. So, unless you're from Eastern Europe or the former Soviet Republics, you're probably not going to succeed in hiding your assets in the U.S. I think the U.S. is...

The browser based Java version is less stable and prone to crash your browser, which will result in you having to reboot your computer before being able to access the software again. Also, the Java based version is a real drain on your computer's memory. I would use the installed version of...

Just wondering if any of you are successfully using pivot points, such as those generated by the Trade Prospector software? Zboy gave me the following formula, which is very similar to the way the Trade Prospector software calculated the BP1 and BP2 levels: SR3 (pivot point)= [H + L +...

Once a stock trades 1/4 point above resistance, I will enter immediately via ARCA on a market order. My stop loss will be 1/4 point below the resistance level. So, if a stock has strong resistance at 50, I will buy as soon as I see a trade print at 50.25 or above. I will also look for...

I'm trying to organize a seminar by Tony Oz, best selling author of "Stock Trading Wizard" and "The Stock Trader". I need to get an idea of how many people would be interested in attending. If you have an interest, please e-mail me at: mike_gregor@hotmail.com I will then get back to you...

Even if a market maker is present on the inside offer, it won't matter as long as there are enough orders sitting on the ECN's. ARCA will always hit the ECN's first, then preference any market makers. I thought the mandatory time for a MM to respond to a preference was now down to about 10...

You don't have to incorporate or anything, you just elect mark to market. You need to elect mark to market by April 16, 2001 in order to qualify for using it on your 2001 tax return. As far as I know, you just need to demonstrate that your only source of income comes from your substantial...

Commisso, Did you ever get my e-mails? I sent you 2 requesting that spreadsheet you have on scaling out positions. So far, I haven't received anything...

Does anyone know why we can't see NYSE and NASDAQ volume live on our real time charts? It seems like this information is only available at the end of the day. By the way, I use MB Trading with Real Tick III. If anyone does know of a way to view the volume on intra-day charts, I'd...

If I need to get out of a position with a market order, which route is faster, ARCA or SOES? I've found SOES to be rather slow, and I figure ARCA is better because it will first hit any ECN's. Any feedback would be appreciated.

Squirrel, From reading your above post, as well as some of your other threads, it seems to me like you're trying to become the perfect trader, without ever risking a penny. In my opinion, the best way to learn this business is by participating in it. Just as a baby learns to walk by first...

Zboy, I was wondering if you're ever short in one stock and long another at the same time? Yesterday, while I was short QCOM, CHKP came down to support levels. I didn't take the trade because I was having a great day and didn't want to be both short and long at the same time. However...

I just wanted to thank everyone, especially Zboy and Commisso for your very helpful suggestions. Commisso, by using the advice you gave me in my thread, "When Should One Take A Profit", I am in a very profitable trade in QCOM as I write this. I shorted 300 shares of QCOM today at 59 3/8...

I'd like some input on how to best handle a reversal entry. For example, let's say you're trading your favorite stock. You see it approaching an established support level and go along 1/4 above support. Then the terrible happens, your trade goes against you by let's say $1 and you're...

Praetorian2, Just one question: In your post, you said, "Im hoping for green futs so I can short everything in sight." Why would you want to see green futures? Wouldn't that indicate that prices would rise? I thought we shouldn't trade against the futures. Please explain...

Andrasnm, I have to disagree with your statement that one needs to constantly change his strategy. I happen to follow the methods outlined in Tony Oz's book, dealing with support/resistance trading. The concepts of technical analysis don't change week to week, or ever for that matter...

Ray, If you can't make decent money with $25,000, then why would you think you could do so with $100,000 or more? I guess it depends on your definition of really good money. If one can make $300-$500/day with $25,000, then he should be able to make $1,200-$2000 or more with $100,000...

Stevene9, As far as I know, all Direct Access Brokers' clients are classified as "Pattern Day Trading Accounts", and as such are subject to special rules (discrimination) by the S.E.C. Basically, if you buy a stock today, hold it overnight and sell it the next day, if you trade that same...

Zboy, My original $1 gain was just a number at which I decided to dump 2/3's of my position, in order to lock in some profit and reduce my position size (risk). Not only that, but futures were up at the time I got in the trade, and that made me nervous. The remaining 100 shares were sold...

Commisso, I was a bit confused by your original post. I thought you meant that you take profits at 1/2 and 1/4 points, but you meant you liquidate that portion of your position when you're in a profitable situation. I understand that better now. I do not risk 1/2 a point on my trades...